BCE (TSE:BCE) Price Target Cut to C$39.00 by Analysts at TD Securities

BCE (TSE:BCE) (NYSE:BCE) had its price target decreased by TD Securities from C$43.00 to C$39.00 in a research report report published on Monday,BayStreet.CA reports.

BCE has been the subject of several other reports. Desjardins lifted their price objective on shares of BCE from C$48.00 to C$51.00 and gave the company a “hold” rating in a research note on Friday, August 2nd. Royal Bank of Canada lowered their price target on shares of BCE from C$52.00 to C$47.00 in a report on Tuesday, November 5th. National Bankshares decreased their price objective on BCE from C$48.00 to C$42.00 in a report on Tuesday, November 5th. Canaccord Genuity Group lowered their target price on BCE from C$41.00 to C$37.50 in a research note on Friday, November 8th. Finally, National Bank Financial cut BCE from a “strong-buy” rating to a “hold” rating in a research report on Monday, September 30th. Ten equities research analysts have rated the stock with a hold rating and one has assigned a buy rating to the company. Based on data from MarketBeat, BCE presently has a consensus rating of “Hold” and an average target price of C$45.36.

BCE Trading Down 0.9 %

BCE stock opened at C$37.74 on Monday. The stock has a 50-day moving average price of C$45.47 and a 200 day moving average price of C$45.74. The company has a market capitalization of C$34.43 billion, a price-to-earnings ratio of 17.55, a price-to-earnings-growth ratio of 4.67 and a beta of 0.48. BCE has a 52 week low of C$37.66 and a 52 week high of C$56.18. The company has a quick ratio of 0.43, a current ratio of 0.65 and a debt-to-equity ratio of 197.43.

BCE Cuts Dividend

The business also recently disclosed a quarterly dividend, which will be paid on Wednesday, January 15th. Stockholders of record on Monday, December 16th will be paid a $0.9975 dividend. This represents a $3.99 annualized dividend and a dividend yield of 10.57%. The ex-dividend date of this dividend is Monday, December 16th. BCE’s payout ratio is currently 185.58%.

About BCE

BCE Inc, a communications company, provides wireless, wireline, Internet, and television (TV) services to residential, business, and wholesale customers in Canada. The company operates through two segments, Bell Communication and Technology Services, and Bell Media. The Bell Communication and Technology Services segment provides wireless products and services including mobile data and voice plans and devices; wireline products and services comprising data, including internet access, internet protocol television, cloud-based services, and business solutions, as well as voice, and other communication services and products; and satellite TV and connectivity services for residential, small and medium-sized business, government, and large enterprise customers.